Economic activity - GRACE
GRACE can consider up to 65 production sectors based on the GTAP database v. 10. The model also distinguish private consumption, public consumption, and investments. The bilateral trade is also modeled at sectoral level. Capital assets are allowed to move from one region to another while labor supply and natural resources are immobile across regions.
|No previous version available|
|Institution||Center for International Climate Research (CICERO), Norway, https://cicero.oslo.no/en.|
|Solution concept||General equilibrium (closed economy)|
|Solution method||SimulationRecursive dynamic solution method|